Five years after the collapse of Lehman Brothers, central clearing services are appearing for over-the-counter derivatives in Asia Pacific, but challenges remain.
Tag : dodd frank
Asset managers appear resigned to the drive by governments globally to collaborate on information exchange and withholding requirements for combating tax evasion, says JP Morgan.
Agent securities lenders say planned US counterparty credit limits and money-market fund reforms are driving them into high-margin trades.
Under pressure from tighter regulations and shrinking trading volumes, broker-dealers say they need to reform their cash equity businesses to survive.
The sovereign wealth fund’s executive VP, Jesse Wang, labels proposed US and UK regulatory change “anti-globalisation” and challenges Hong Kong to step into the breach.
The bank becomes the second after Citi to combine trading execution with settlement/clearing on a multi-asset class platform.
Compliance officers at financial institutions outline how the cost of complying with a raft of regulatory reforms is dampening innovation and making it difficult to stay competitive.
Some are waiving fees to prevent negative yields for investors and that’s hitting top-line growth, even as regulatory changes support their business models, reflects Northern Trust.
A group representing 90% of the global foreign exchange market says proposals to impose margin requirements on FX swaps and forwards are counterintuitive.
Local distributors and fund managers are ignoring the cost impact, and some say the new legislation will make foreign financial institutions de-facto tax enforcement agents of the IRS.
The global move towards central clearing, and the posting of margin on uncleared OTC derivatives, sees asset managers increasingly looking to outsource collateral management.